FFIJX vs. FZROX
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and Fidelity ZERO Total Market Index Fund (FZROX).
FFIJX is managed by Fidelity. It was launched on Jun 28, 2019. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIJX or FZROX.
Key characteristics
| FFIJX | FZROX | |
|---|---|---|
| YTD Return | 16.22% | 24.97% |
| 1Y Return | 27.85% | 37.80% |
| 3Y Return (Ann) | 4.19% | 8.52% |
| 5Y Return (Ann) | 9.61% | 15.23% |
| Sharpe Ratio | 2.61 | 3.00 |
| Sortino Ratio | 3.61 | 4.01 |
| Omega Ratio | 1.48 | 1.56 |
| Calmar Ratio | 2.27 | 4.32 |
| Martin Ratio | 16.86 | 19.55 |
| Ulcer Index | 1.65% | 1.96% |
| Daily Std Dev | 10.69% | 12.74% |
| Max Drawdown | -30.68% | -34.96% |
| Current Drawdown | -0.46% | 0.00% |
Correlation
The correlation between FFIJX and FZROX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFIJX vs. FZROX - Performance Comparison
In the year-to-date period, FFIJX achieves a 16.22% return, which is significantly lower than FZROX's 24.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFIJX vs. FZROX - Expense Ratio Comparison
FFIJX has a 0.12% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFIJX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and Fidelity ZERO Total Market Index Fund (FZROX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FFIJX vs. FZROX - Dividend Comparison
FFIJX's dividend yield for the trailing twelve months is around 1.61%, more than FZROX's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FFIJX Fidelity Freedom Index 2065 Fund Investor Class | 1.61% | 1.87% | 1.89% | 1.46% | 1.20% | 1.81% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.09% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
FFIJX vs. FZROX - Drawdown Comparison
The maximum FFIJX drawdown since its inception was -30.68%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFIJX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FFIJX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) is 2.75%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.07%. This indicates that FFIJX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.